Originally Posted by Hobbiano

I think 200 is a fair deal, provided it doesn't have any serious rust issues.
I'm also 5-8 with a 30" inseam and that bike would fit me perfect. That is a 21" frame (seat tube c/t and the top tubes a bit longer).
One thing to keep in mind, many Treks of that era came with Maillard Helicomatic (coffee grinder) hubs. The front may last for a while but the rear usually self destructs pretty quickly.
So you may want to just use them up while keeping an eye out for a nice pair of wheels. If you want to check them, pop them off and see how smooth (or not) the axle turns with your fingers. Might be a negotiating point.